Lake Hopatcong Foundation

Nonprofit profile at a glance

EIN
454894683
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Landing, NJ, USA
Phone
9736632500
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Parks and Playgrounds

Official website

Reported finances

Revenue
$684,553
Expenses
$797,581
Assets
$2,637,543
Liabilities
$16,652

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • KYLE RICHTER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KYLE RICHTER (EXECUTIVE DIRECTOR): $93,656 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Focusing on enhancing the lake hopatcong environment and experience, with efforts that include water quality, public safety, lake education, community cohesiveness, historical preservation, environmental protection, public information, and arts and culture.

What it reported doing in 2024

Educational outreach/public information services - implement outreach programs on aquatic invasive species protection and lake ecology, environmental education field trips and public education cruises, public safety, and b-safe dock number programs.community - build a sense of lake community and support local businesses that surround it through the annual lake hopatcong block party. Improve and enhance recreational opportunities by offering guided hiking and paddle trips and maintain 11 miles of the lake hopatcong trail and working to expand the trail to be 40 miles around lake hopatcong. Environmental and cultural center - restore and re purpose the historical lake hopatcong train station in landing for use as the lake hopatcong cultural environmental center offering community programing and to serve as the office for the lake hopatcong foundation.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.1%; rating input score 77
  • Program expense ratio: 65.9%; rating input score 66
  • Fundraising efficiency: $5.16 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -16.5%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 3.31; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 11.7%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 9.5% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: 10.8% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 77.1% of revenue deployed · 65.9% of spending went to programs
  • Governance: 12 of 13 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $525K in reported program spending
  • Leadership: top reported pay $94K · 13 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 18/100.
  • High — Sustainability: Operating margin scored 11/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.